U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index may halt last week’s advance, as manufacturing in the New York area fell in August.
S&P 500 E-mini contracts expiring in September lost 0.4 percent to 2,082 at 8:34 a.m. in New York.
The S&P 500 gained 0.7 percent last week, with the benchmark index erasing its gain for the year before staging the biggest intraday turnaround in three years. The S&P 500 has been trading in the tightest trading range in nine decades.
Data today showed an index of manufacturing in the New York region dropped to minus 14.92, missing economists’ estimates of positive 4.5.
Investors are watching economic reports to gauge the economy’s health. The Federal Reserve releases minutes from its July meeting on Aug. 19, with market expectations of a September rate hike rising from a week before to about 50-50.
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Dean Popplewell
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